Maison Luxe Announces Additional $250,000 Purchase Order from Signet International Group for Upcoming Holiday Season

Rhea-AI Summary

Maison Luxe, Inc. has announced a new purchase order agreement with Signet International Group valued at $250,000 for luxury timepieces. CEO Anil Idnani highlighted the value of their partnership, emphasizing Signet's role in the cruise ship travel industry and its strong relationships with major cruise lines. The agreement includes financing from Maison Luxe to boost sales through Signet’s established channels. This follows previous agreements and contributes to the company's ongoing strategy to diversify sales channels in the high-end luxury goods market.

Positive

• New purchase order agreement with Signet International Group worth $250,000.
• Partnership strengthens sales channels in the luxury goods market.
• Significant revenues generated from previous agreements with Signet.
• Maison Luxe provides purchase financing to enhance sales through established markets.

Negative

• None.

FORT LEE, NJ, Dec. 06, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Maison Luxe, Inc. (“Maison Luxe” or the “Company”), an emerging leader in the global custom luxury goods marketplace, is pleased to announce a new purchase order agreement (the “Agreement”) with Signet International Group (“Signet”) (SignetInternationalGroup.com), a leading player in marketing and distributing luxury branded products, whereby Maison Luxe will partner with Signet in the sale and distribution of another $250,000 in luxury timepieces.

Anil Idnani, CEO and Founder of Maison Luxe, commented, “We continue to find tremendous value in our affiliation with Signet. Signet is an important player in the cruise ship travel industry and has strong relationships with cruise partners such as Princess Cruises and Harding. Signet has been a powerful partner and a consistent source of revenues for Maison Luxe. Relationships like this one provide a key piece of the puzzle as we strive to build a strong mix of sales channels going forward.”

The Agreement follows prior purchase orders agreements reached over the past two years between the Company and Signet. According to the Agreement, Maison Luxe will provide purchase financing for Signet, which will confer to Maison Luxe’s bottom line sales through Signet’s established end market relationships.

ABOUT MAISON LUXE:

Maison Luxe offers luxury retail consumer items. The Company operates as a niche high-end luxury goods retailer, helping interested consumers obtain rare luxury items that may otherwise not be reliably available due to the nature of the luxury retail marketplace. The Company focuses its efforts primarily within the fine timepiece and jewelry segments, both on a wholesale and B2C (business-to-consumer) basis. The Company also owns its Amani Jewelers subsidiary, which operates in the jewelry marketplace, with a strategic focus on the rapidly growing lab-grown diamonds market. In addition, Maison Luxe holds a significant investment position in Aether Diamonds, which was founded in 2020 as the world's first known captured carbon lab-grown diamond producer.

FORWARD-LOOKING STATEMENTS:

This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

Corporate Contact:

www.maisonluxeny.com
info@maisonluxeny.com

FAQ

What is the recent agreement announced by Maison Luxe?

Maison Luxe announced a new purchase order agreement with Signet International Group for $250,000 in luxury timepieces.

How does the partnership with Signet benefit Maison Luxe?

The partnership with Signet enhances Maison Luxe's sales channels and generates consistent revenue through established relationships in the cruise industry.

What is the significance of the $250,000 order for Maison Luxe?

The $250,000 order reflects Maison Luxe's growing presence in the luxury market and its strategy to strengthen its sales through partnerships.

What type of products is Maison Luxe focusing on?

Maison Luxe focuses on high-end luxury goods, particularly fine timepieces and jewelry.